Starpharma nasal spray found to be effective at preventing COVID-19 infection

Starpharma nasal spray found to be effective at preventing COVID-19 infection

Testing of Starpharma's (ASX: SPL) nasal spray has been shown to inactivate more than 99.9 per cent of SARS-CoV-2, the virus that causes COVID-19. The effectiveness of the treatment depends on its use before or after exposure to the virus. Emboldened by the positive results, Starpharma has expedited production of the spray to make...

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Cleanaway responds to CEO bullying accusations, CFO resigns

Cleanaway responds to CEO bullying accusations, CFO resigns

Cleanaway Waste Management (ASX: CWY) has today issued a response to allegations published in the Australian Financial Review that CEO Vik Bansal (pictured) bullied and intimidated employees. Shortly after issuing its response the Melbourne-based company also revealed chief financial officer (CFO) Brendan Gill had resigned and would retire. ...

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Cannabis licence milestone means Althea can kick off production in Canada

Cannabis licence milestone means Althea can kick off production in Canada

Althea Group (ASX: AGH) subsidiary Peak Processing Solutions will immediately start commercial operations at its high-tech Ontario facility after securing a cannabis processing licence from Canadian authorities. The Standard Processing Licence from Health Canada comes just six months after Peak completed its unique 3,716sqm facility des...

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Suncorp store closures will lead to 550 job cuts

Suncorp store closures will lead to 550 job cuts

The Finance Sector Union of Australia (FSU) has today revealed Suncorp's (ASX: SUN) major restructure will involve 550 job losses, following the announcement on Wednesday that 19 stores and one business centre would be closed. The Brisbane-headquartered banking and insurance group will permanently close several locations across&nbsp...

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RFG to sell Dairy Country to Fonterra for $19m

RFG to sell Dairy Country to Fonterra for $19m

Retail Food Group (ASX: RFG) has entered an agreement to sell its Victorian cheese business to New Zealand-based dairy giant Fonterra (NZX: FCG) for $19.23 million. The decision to sell Dairy Country, which will still be subject to Foreign Investment Review Board (FIRB) approval, was made after management concluded it did not align with...

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NAB takes the fight to Afterpay with no interest credit card

NAB takes the fight to Afterpay with no interest credit card

National Australia Bank (ASX: NAB) is hoping to reel in younger customers with its new no interest credit card, called the 'StraightUp' card, taking a punt at the booming buy-now pay-later (BNPL) sector. The move is potentially a game-changer for NAB and sees the Big Four Bank take on Afterpay's (ASX: APT) BNPL product used by ne...

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Solomon Lew mocks Myer as 'Amazon's post office'

Solomon Lew mocks Myer as 'Amazon's post office'

Solomon Lew's (pictured) Premier Investments (ASX: PMV) has ridiculed the management of Myer (ASX: MYR) after the group reported a $172.4 million loss today, reigniting a longstanding feud with chairman Garry Hounsell and his supporters. Premier Investments issued a statement today calling for the immediate resignation of the b...

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Virgin to cut seven regional flights under new owner Bain

Virgin to cut seven regional flights under new owner Bain

Virgin Australia (ASX: VAH) will withdraw from several regional flight routes as part of its business recovery plan under new owner Bain Capital. The airline says due to ongoing subdued customer demand it will be cutting services from Uluru, Albury, Tamworth, Harvey Bay, Port Macquarie, Mildura and Cloncurry for the foreseeable future. The...

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Creso Pharma welcomes TGA decision opening up commercial cannabis opportunities

Creso Pharma welcomes TGA decision opening up commercial cannabis opportunities

Creso Pharma Limited (ASX: CPH, FRA: 1X8) has welcomed yesterday's interim decision from the Therapeutic Goods Administration (TGA) regarding the sale of cannabidiol (CBD) over the counter in pharmacies. As reported yesterday, the TGA's decision recommends that CBD products be down-scheduled from schedule 4 and classified as sch...

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Cannabis stocks jump as TGA backs over the counter CBD sales

Cannabis stocks jump as TGA backs over the counter CBD sales

ASX-listed cannabis stocks are on a high today after the Therapeutic Goods Administration (TGA) paved the way for over the counter cannabidiol (CBD) sales without a prescription at pharmacies. The TGA has made an interim decision to amend the Poisons Standard to down-schedule medicinal cannabis to a Schedule 3 product in oral, oral muco...

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Aussie space firms team up for nation's largest rocket payload to date

Aussie space firms team up for nation's largest rocket payload to date

Two Australian companies are on track to achieving a new milestone for the country's space sector, one of the fastest-growing globally thanks to an ideal geographic position and a flurry of interest from government and private industry. While Elon Musk's SpaceX is emblematic of the modern space race buoyed by private capital and rese...

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The Agency sells off WA rent roll to pay down debt

The Agency sells off WA rent roll to pay down debt

Despite encouraging results in FY20 with its first full-year EBITDA profit since listing, real estate group The Agency (ASX: AU1) faces the cold reality of a $12 million loan that is due to Macquarie Bank by the end of this month. A deal announced today is set to pay off 30 per cent of that sum following the $3.6 million sale of The Agency...

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More than a mini Hollywood: indie Gold Coast film productions on the rise

More than a mini Hollywood: indie Gold Coast film productions on the rise

As the home of Village Roadshow's (ASX: VRL) Australian operations, the Gold Coast has garnered itself a reputation as being the country's home of blockbuster Hollywood productions. But new research has found local production of independent content is on the rise, transforming the city into Australia's very own film and televisio...

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Travello, Flight Centre join forces on tourism experiences

Travello, Flight Centre join forces on tourism experiences

After booking an $875 million loss due to COVID-19, Flight Centre (ASX: FLT) is spreading its wings through a new partnership with Travello, a community-driven app for the booking and sharing of tourism experiences. Travello co-founder and CEO Ryan Hanly (pictured) says the Flight Centre deal is one of a string of new partnerships ...

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Zelira to launch new hemp-derived toothpaste in the US

Zelira to launch new hemp-derived toothpaste in the US

Listed cannabis company Zelira Therapeutics (ASX: ZLD) has today formed a new Oral Care products subsidiary, tasked with selling a hemp-derived cannabinoid-based toothpaste. The company plans on launching the toothpaste product in the USA by Q4 2020 in partnership with developer Sprinjene, a manufacturer of vegan, Kosher and Halal oral care ...

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ASX takes Smiles Inclusive to task as loan date looms

ASX takes Smiles Inclusive to task as loan date looms

After National Australia Bank (ASX: NAB) cast aside the prospect of recouping 36 per cent of its $19 million loan to dental group Smiles Inclusive (ASX: SIL), the loss-making company has conceded it probably won't be paying the remainder on time. SIL has until Friday to pay back $12 million to the bank - a deadline that raised ...

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CSL to manufacture UQ and Oxford COVID-19 vaccines for Australia

CSL to manufacture UQ and Oxford COVID-19 vaccines for Australia

Biotechnology giant CSL (ASX: CSL) will manufacture more than 80 million doses of COVID-19 vaccines for supply in Australia, slated for release in 2021. The manufacture and supply agreements are contingent on the success of clinical trials at both the University of Queensland and Oxford University where the vaccines are being developed. On...

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GetSwift to call Canada home

GetSwift to call Canada home

Software group GetSwift (ASX: GSW) has announced plans to re-domicile in Canada in order to realign its business with the North American market. As part of the move, the company will list its new holding company, GetSwift Technologies Limited ("Holdco"), on the NEO Exchange in Canada, and delist from the ASX. The company says bei...

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"Bad payers won't be able to hide": New scheme to force supplier payment transparency

"Bad payers won't be able to hide": New scheme to force supplier payment transparency

The Federal Government expects new legislation passed in the Senate yesterday will "put every big business on notice" and help millions of small businesses be paid on time. Under the Payment Times Reporting Scheme, large businesses and applicable government enterprises with a total annual income of more than $100 million&...

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Watchdog files legal action against Dixon Advisory alleging conflicted advice

Watchdog files legal action against Dixon Advisory alleging conflicted advice

An advisory arm of Evans Dixon (ASX: ED1) has come under fire from Australia's corporate regulator for recommending clients invest in a related property fund that has since lost at least 87 per cent of its value. The Australian Securities and Investments Commission (ASIC) has today filed proceedings in the Federal Court against...

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